Stock Market Sags As Utilities Hit Hard
Trading ended quietly with many dips as key issues fell more than 2 points. Utilities suffered losses after rate-cut moves in Philadelphia Boston and New York City cutting consumer costs by about 10 million dollars. The day saw 1,090,210 shares traded, Dow Jones industrial average down 0.60 to 233.20 and rail average down 0.69 to 130.26.
MENTIONED IN THIS ARTICLE
United Press
New York
Selsing
Steel
Philadelphia
Boston
New York City
Consolidated Gas
American
Standard Gas
North American
Amerada
Sinclair
General Motors
Gillette
Autostrop
Bank Clearings and Treasury Figures For Early August
Indianapolis reports Friday clearings of 3,067,000 with 6,514,000 debits. Chicago totals show 213,100,000 in clearings and 12,300,000 balances. Treasury notes the July 3 net balance at 190,326,937.69 with 6,615 outstanding and customs receipts totaling 25,071,111.60 for the month to date.
MENTIONED IN THIS ARTICLE
Indianapolis
Chicago
United Press
Treasury
Market Report Shows Mixed Beef and Sheep Prices
Price notes indicate varied beef and sheep trends with med and high bids fluctuating. Cattle market lists steady to 130, lambs around 90 to 130 with some receipts at $13.50, and wool or related items trading within narrow ranges.
MENTIONED IN THIS ARTICLE
Ind
Lehew Hanged at San Quentin for Child’s Murder
Thomas Lehew of Fort Bragg Mendocino county was hung today at San Quentin prison for the murder of 7 year old Theresa Johnson The execution occurred at 10 02 with death pronounced at 10 15 by Dr L L Stanley the prison physician
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United Press
San Quentin
Cal
Thomas’ Lehew
Ft. Bragg
Mendocino County
San Quentin Prison
Theresa Johnson
Lehew
L. L. Stanley
Tax Officials拒決 Marion Reimbursement for Thomas Fees
State tax commissioners refused Marion city’s request to reimburse $1 180 paid to Edwin R Thomas as special attorney in charge of the bombing investigation. The bombings occurred last winter and spring, five people were killed, with no case brought against any bombers.
MENTIONED IN THIS ARTICLE
Marion
Edwin R. Thomas
Porker Market Gains Strength at Stockyards
Hog prices move higher in the city yards with 160 to 260 pound stock selling mainly 9.20 to 9.65, top 9.70, receipts about 5 000 and 947 holdovers. Cattle, calves, lambs also show gains and steady to higher quotes across regions including Chicago and East St. Louis markets.
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Chicago
United Press
Bu United Press
Burnted Press
Pittsburgh
United Presse
Buffalo
N. Y
Dow Jones Stocks and Rail Revenues Report May and July Totals
Rail transportation revenues for May were 11,937,769 dollars after taxes and related costs, down from 14,193,202 in May 1929. Five month revenues totaled 49,494,664 dollars. New York Stock Exchange July transactions reached 47,744,800 shares with a daily average of 1,909,792, the smallest July since 1929. Federal Reserve weekly credit outstanding stood at 934,000,000 dollars, down 43,000,000 from last week and 388,000,000 below 1929. Loans and securities rose to 3,586,000,000, with total loans at 6,050,000,000. National Dairy Products earned 2.16 dollars a share on 5,971,636 common shares for the first six months, up from 1.85 on 4,824,441 shares in 1929. Legal Lock and Hardware stockholders may subscribe for additional stock at 5 dollars a share, rights expiring August 22. Timkin-Detroit Axle earned 0.54 a share for six months, vs 0.76 in 1929. McCall Corporation earned 2.26 versus 2.23 in 1929 for the first six months. United Business Publishers earned 1.34 a share, down from 1.88 in 1929. Radio-Keith-Orpheum will exhibit Universal pictures in its theaters. Lake Erie coal dumpings through July 27 totaled 18, AY 107 tons, compared with 602,893 in 1929 and 19,015,809 in 1927.
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Iftte
Ickel Plate &H
Id's & We ” Wm Ms
Pennsylvania L
Seaboard
Paul Pid
Union Pac
Am Car & Fay
General
Westingh
Firestone
Goodrich
bin Keily_ Spratt
Auburn
Chrysler
Ardner
Raham Peige
General Motors
Hudson
Hupp
Marmoi Nash
Nore Arrow
Essere
Seudebake
Motor Access
Mu A
Bendix Aviation
Eaton
el Storage
Hayes
Ed Honda
Cal & Hi
Cal & Ariz. Oh
Granby Corp Great Nor
Enneco
Texas
Houston
Pan-Amer
Phill
Royal Dutch
Shell UN
Sinclair
Shell
Union Oil
Steele— Am Roll Mi
Betac
Billy Byers AM
U Cent
Sumetra
Tobacco A. Te
Lig & Myers
Reynolds Tol
Pr United Cig A
Eee
Utilities
Adams
Pwr
Indiana
Col Gas
Lds Indiana E
el Pwr & L & Son
Amer Co
New River
Pec Gas & el
New Ae
Gate United Cor
West Union Teers
New York- Liberty
Intl Corp
Mer
United Fru
Treasury
Armour
Pillsbury
Seteway
Ward Bke
Coty
Lambert Seee Ee
Lehn & Fink Peee Ee
Indust
Indus Chems
Allied Chem
Union Carb
Beta Sto
Broscon Seg Il
I Gimbel Kresee
New York Stock Exchange
Federal Reserve Board
Federal Reserve Bank
National Dairy Products Corporation
Lake Erie
Grain prices in Chicago and Toledo markets summarized
Chicago and Toledo grain markets report cash close and forward quotes for wheat corn oats and barley with No 2 red and yellow wheat values and various corn mixes. Siberian Times Special notes primary receipts and shipments for Wheat Corn Oats totals for Chicago.
MENTIONED IN THIS ARTICLE
Times Special
Chicago
Grain bids at Indianapolis Board of Trade August 1
Bids for cash grain at the Indianapolis Board of Trade show varied grades with wheat No. 2 red 79 80c and No. 2 hard 26 28c, corn prices across white and yellow grades from 83c to 86c, oats firm at 31 32c, hay values ranging from 15 to 20 dollars, and inspections totals across wheat corn oats and rye with multiple car counts.
MENTIONED IN THIS ARTICLE
Indianapolis Board of Trade
Fe. B
New York
Cincinnati
Louisville
Timothy
Market Close Notes on NYSE Stocks and Wheat Prices
Aug 1 report lists closing feee and net changes for major NYSE issues led by American Telephone Bethlehem General Electric and United States Steel. Grain buyers in Wheat City pay 72c for red wheat and 70c for No 1 hard wheat.
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Brieted P
New York Stock Exchange
American Telephone
Bethlehem
Consolidated Gas General Electric
General Motors International Ti National Power
North American Bee Service
Sinclairee Standard Oil of N. J
Union Carbide
United Corporation
United States Steel
Vanadium
Westinghouse. Electric
Stock Market shows hesitant tone on rate cuts
In New York trading Aug 1 the market drifted as weak utility shares and possible further rate reductions weighed on electric utilities. Despite a quiet industrial news day, first half year investment in new securities rose while bond prices climbed and rates fell as financiers seek cheap credit to spur industry and trade.
MENTIONED IN THIS ARTICLE
Thomson & McKinnon
New York
Forrest Inn operator held on liquor charges in raid
Raymond C. Forrest, operator of the Forrest Inn barbecue stand at Allisonville, was held to the federal grand jury under $1,000 bond on liquor charges today by United States commissioner Howard S. Young. Forrest was arrested by federal dry agents and Indiana agents who reported finding whisky and home brew in a raid.
MENTIONED IN THIS ARTICLE
Raymond C. Forrest
Allisonville
Howard S. Young
United States
Forrest
Indiana
Grain Options Lose Gains in Closing Sales
Wheat fell sharply on the Chicago Board of Trade as corn strength supported trading. Oats held firm while wheat finished 1 to 1 4 cents lower and corn 34 to 1 2 cents higher. Provisions rose over 25 points amid quiet activity and bullish crop estimates.
MENTIONED IN THIS ARTICLE
United Press
Chicago
Board of Trade
Liverpool
Capone Vagrancy Charges Dismissed in Miami Court
In Miami on August 1 the long pending vagrancy charges against Al Capone and several companions were dismissed in criminal court. Prosecutors announced no further information would be filed in the matter.
MENTIONED IN THIS ARTICLE
Miami
Fla
Scarface al Capone
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